Century Casinos' Q1 revenue rises, net loss narrows

Century Casinos, Inc.

Century Casinos, Inc.

CNTY

0.00


Overview

  • US casino operator's Q1 net operating revenue rose 5% yr/yr

  • Net loss attributable to shareholders narrowed 20% yr/yr in Q1

  • Growth driven by strong play from high-value and core customer groups, notably at the Nugget


Outlook

  • Company did not provide specific guidance or outlook for the current quarter or full year in press release


Result Drivers

  • HIGH-VALUE AND CORE CUSTOMERS - Growth driven by strong play from high-value and core customer groups

  • NUGGET PERFORMANCE - Nugget Casino Resort saw a 93% yr/yr increase in Adjusted EBITDAR, contributing significantly to overall growth


Company press release: ID:nPredDjcna


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Net Operating
Revenue

$137.20 mln

Q1 EPS

-$0.58

Q1 Earnings from Operations

$11.80 mln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the casinos & gaming peer group is "buy"

  • Wall Street's median 12-month price target for Century Casinos Inc is $3.00, about 104.1% above its May 7 closing price of $1.47


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